MEV Capital Faces Major Setback as Assets Under Management Plummet

MEV Capital has experienced a significant reduction in its assets under management, which have decreased by 80% to approximately $300 million. According to NS3.AI, this decline follows the depegging of the deUSD stablecoin in October 2024, resulting in substantial losses and a sharp drop in revenue for the firm. In response to these challenges, key personnel have left the company, and its asset management team has been integrated into Luxembourg-based Belem Capital. Concurrently, tokenization protocol Midas has appointed RockawayX to manage strategies for its mMEV and mevBTC products, aiming to enhance risk control measures.